Page 3 Advertisements Column 3

Kumara Times, Issue 621, 24 September 1878, Page 3

PROSPECTUS OP THE TAIL-RACE PANY (Limited),. COM- ■ Capital, £3.000 ; in 3000 Shared, pf. - ' £1 each.’ ~ y One Shilling per .share on application;. Is. 6d. per, share on allotment; and Calls not to exceed Is. per share per • .month. , • provisional directors : Messrs Edwin Blake, Henry Cornfoot, Kumara R. J. Seddon, Kumara

Henryßrown, Kumara Philip Cullen, Kumara L. J. Spyera, Kumara . William Porter, Kumara Andrew Crawford, Kumara. BANKERS : The Bank of New Zealand. secretary: William Nicholson. ; The object, of the proposed Company is to complete a Tunnel Tail-Race from the Teremakau River to the Shamrock Lead, for the purpose of sluicing all adjacent ground, together with a Claim • belonging to the Company, through which the lead of gold .has been .proved to run. ■ "■. * : - : The'Tun'ner Haa'beeh driven 201 S feet, and a shaft sunk 96 feet in con-;’ ; nection therewith, and it is contemplated to extend the. Tunnel abont 700, ; feet further, .which, when will terminate; at what is nbwkaownv to be the best sluicing ground in the district. • The. promoters. are so sanguine of the undertaking, proving a success that -they are wiUing .to accept 600. paidrup ‘ shares in the new Company in full pay-, ment for the purchase of their rights for all labour already done and expenses incurred. The boxes will be constructed to' carry 30 government heads of water, ..thereby enabling a .large, number of claims to .sluice ihtb which. &£aQ. a: great jj amount "of labour-" and expense in : J bringing in private, tunnels such a , distance, viz;, 2700 “feet.

The promoters confidently express | the opinion that the future operations of the new Company will materially tend to develope . a very, extensive. portion: ’of this district, which must of necessity largely increase the commercial prosperity of Kumara. They ~ therefore invite the attention of the public to the present undertaking as a safe and payable investment. From the promises of support already received the promoters conclude that the Company will be floated on an early date; and, as soon as 1500 applications are received, will commence farther operations. Applications for Shares will be received by WILLIAM NICHOLSON, Opposite Public Hall, Main Hoad.